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Thursday, October 15, 2015

Another Obamacare Collapse: Kentucky Healthcare Co-op Goes Under

By Rick Pearcey • October 15, 2015, 11:12 AM

Despite receiving "over $146 million in federal loan money" . . . "the Kentucky Health Cooperative has decided not to offer health insurance plans for 2016," Leah Jessen reports at the Daily Signal.

"The Kentucky co-op (Consumer Oriented and Operated Plan), a nonprofit health insurer created with federal taxpayer funds under Obamacare, announced its fold on Friday," according to the Daily Signal.

"It is with sadness that we announce this decision," Glenn Jennings, interim CEO of the Kentucky Health Cooperative, is quoted as saying in a statement.

"This very difficult choice was made after much deliberation," Jennings said. "If there were a way to avoid it and simultaneously do right by the members, providers and all others that we serve, we would do so."